I want to utilize my time in learning and if possible gain experience through the help of this great community.

Currently under contract to acquire storage units near where I live.

I have yet to make my first deal and tend to get discouraged so am looking to connect with someone who has some experience to see how we can help ea other.

Padsplit is in the Jacksonville area and they told me they would guide me through the process on where/what property to acquire.  

The point being - outside of being in a really bad part of town, our experience has been that appreciation will come to all who own real estate (in an up market).  

Are you saying, you acquired the property in cash and funded the rehab with cash?  

Sorry to hear about your experience!

Even better...you can't take bonus depreciation on your newly acquired asset to help offset gain since it was acquired from a related party.There is a way to effectively transfer out the future appreciation, but your historical appreciation is stuck in the Corporation - you can't get that out without triggering that gain. 

Depending on the property type and terms this can be justifiable but usually reserved for those with ample experience and higher risk tolerance. - Higher and Hard Deposits.

Any one have any previous experience with this?